Regent, Incorporated uses the following standard to produce a single unit of its product overhead $6 (3 hours a $2 ithour). The fiexible budget for overhead is $120.000 plus $0.50 per direct labor hour. Actual data for the month show overhead costs of $180.000, and 23.000 units produced. The overhead volume variance is: Muitiple Choice $58,500 favorable. $33,000 favorable. $16,500 unfavorable. $49,500 unfavorable